UWM delivered its best quarter since 2021, with refinance volume doubling compared to Q2 2024 and achieving $12.4 billion. The company captured 11% of the industry's total refi volume. UWM's gain-on-sale margin increased to 113 basis points. Broker channel market share reached nearly 30%, its highest since 2009, with a goal exceeding 50%. Net income for the quarter was $314 million, a significant recovery from a loss in the previous quarter and higher than last year's profit. UWM remains committed to innovative technologies to support brokers.
UWM's refinance volume doubled compared to Q2 2024 and rose 17% from the first quarter to $12.4 billion, capturing 11% of the industry's total refi volume.
UWM's gain-on-sale margin improved to 113 basis points, up from 94 bps in Q1 2025 and 106 bps in Q2 2024, reflecting strong operational performance.
The wholesale lender reached nearly 30% broker channel market share from April through June, marking its highest share since 2009, although aiming to exceed 50%.
UWM posted net income of $314 million for the quarter, reversing a $247 million loss in Q1 2025, significantly higher than its $76.2 million profit in Q2 2024.
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